'Unclaimed funds' are held at the state level and can originate from various sources. Examples are life insurance policies, stocks and bonds, cashiers checks, bank accounts, contents of safety deposit boxes, etc... Our team locates the unclaimed money being held by the state, we track down the rightful owners and facilitate the return of their money. This can be an arduous process that requires an abundance of paperwork and communication with the government. Currently, in California, the wait to receive your funds from the state is a 8 months. This is after all paperwork and communication is completed. We specialize in streamlining this process by gathering the required documents from the state specific to your individual claim, filling-in the documents correctly, and getting them to the state ASAP to start the eight month clock. We then stay in contact with the state to make sure that your claim doesn't fall through the cracks. Because of this, our team can have your funds paid to you sometimes in as soon as four months, although this is not guaranteed.
A 'Tax Overage' occurs when a property sells at auction for more than the delinquent taxes and penalties that are owed to the county. When this occurs the county and state prefer to keep it "under wraps", because after the holding time required by state law lapses, the money 'escheats' to the state permanently and is reallocated to state funds. Escheating is when the state permanently takes money that is rightfully yours and makes it theirs (stealing?). After this occurs the money is no longer yours and can no longer be retrieved. Our team specializes in finding these tax overages being held by the counties, tracking down the rightful owners and getting the money to them before they escheat to the state.
A 'Mortgage Overage' occurs when a property sells at auction for a higher price than the delinquent mortgage payments and penalties that were owed to the bank. When this occurs, the extra money is held by the state and a five year countdown begins. When the holding time ends, the money 'escheats' to the state permanently and is reallocated to state funds. Escheating is when the state permanently takes money that is rightfully yours and makes it theirs (stealing?). Our team specializes in finding Mortgage Overages that are being held by the state, tracking down the rightful owners and retrieving the money for them before it can escheat to the state.